Monday, November 4, 2019 - 11:47am

SubPrime Auto Finance News Staff

Both Toyota Financial Services and Wells Fargo put initiatives in place to help their customers affected by the recent series of wildfires throughout California, as well as the tornadoes that struck northern Texas last month. The Toyota captive announced in a news release that it is offering payment relief options... Read More

Monday, November 4, 2019 - 11:44am

SubPrime Auto Finance News Staff

Fueled in part by blossoming relationships with industry players such as CarGurus, Westlake Technology Holdings recently announced that it reached $10 billion in assets under management milestone ahead of its targeted goal of hitting the milestone in 2022. Westlake responded by setting a new goal of $20 billion in... Read More

Friday, November 1, 2019 - 10:43am

SubPrime Auto Finance News Staff

As experts from ALG and Kelley Blue Book watched average transaction prices (ATP) for new models climb again in October, Edmunds noticed average interest rates for new-vehicle financing remained below 6% for the fourth month in a row. Edmunds pegged the average APR on new financed vehicles at 5.7% in October; the... Read More

Thursday, October 31, 2019 - 10:12am

SubPrime Auto Finance News Staff

While referencing conditions of consumers who might be purchasing particular vehicles in your inventory or are already contract holders within your portfolio, Federal Reserve chairman Jerome Powell reiterated the impacts made by policymakers involving interest rates do not necessarily fire as quickly as a... Read More

Wednesday, October 30, 2019 - 3:08pm

Nick Zulovich, Senior Editor

While the overall automotive industry might be relatively healthy, no doubt there are dealerships struggling with aged inventory, auctions stressed to keep commercial consignors satisfied and finance companies wringing their hands over compressed margins and wavering portfolio performances. But if you would please... Read More

Wednesday, October 30, 2019 - 11:23am

SubPrime Auto Finance News Staff

Automotive Personnel founder and chief executive officer Don Jasensky addressed what he believes is the most common hiring mistake employers make. The National Automotive Finance Association board member discussed when dealerships and finance companies might pass on a potentially high performing candidate because the... Read More

Tuesday, October 29, 2019 - 11:54am

SubPrime Auto Finance News Staff

While enhancements in auto financing certainly have been made over the years, a pair of surveys orchestrated by Inovatec Systems Corp., revealed areas where improvements still could be made for the benefit of finance companies and consumers. This week, Inovatec began with the results from its latest survey that touched... Read More

Monday, October 28, 2019 - 11:30am

SubPrime Auto Finance News Staff

While some overall metrics in the U.S. auto loan asset-backed securities (ABS) sector demonstrated seasonality, S&P Global Ratings also spotted some improvements in recoveries for both prime and subprime. According to its latest report, U.S. Auto Loan ABS Tracker: August 2019, analysts noticed prime recoveries... Read More